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Can foreigners buy and own property in Benin?

linguadata

I am thinking of relocating to Benin from the UK. I did my secondary school in Benin some 50 years ago and I have fond memories of the place. Therefore, I am thinking of retiring there in Porto Novo. Is there anything I should know? I would probably like to come for a holiday of about 1 month first to visit Porto Novo and make first contacts, with the view of speaking to some Estate Agents.


Regards

Abel

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Tranquilin Audrey

Hello Mr. I am a permanent resident in Benin and I will be delighted to help you and accompany you in your research in the country

yemisiobafemi859

@linguadata Good morning ma,I live within Porto Novo and I can be of help as well to get any thing聽 馃檪.


Thank you.

Panafrica.fr

HI Linguadata,

This is from my eBook on Benin:

Foreign Land Ownership

鈥 Foreigners cannot own land outright in Benin. Since the Land Code of January 14, 2013 (Law 2013-01) came into force, only Beninese nationals may hold title to land; foreign individuals or entities can only acquire long-term leases (up to ~50 years, non-extendable, and limited acreage per investor) ([link moderated]).

鈥 However, foreigners may own buildings (real estate structures) located on urban land,

subject to official permits and the 鈥淎cte de Propri茅t茅鈥 certificate; direct ownership of plots remains restricted (Generis Global Legal Services).

Good luck,

[link moderated]

sc1970

So there is no point for聽 Foreigners to invest in a Country where after 50 years the land/building will be taking away from the聽 Foreigners investors

Panafrica.fr

Hi SC1970

Investment is about returns over time, not about owning land forever.

Most serious foreign investors鈥攈otels, factories, agribusiness, logistics鈥攎odel returns over 10鈥30 years, not 100+. A 50-year lease is longer than many human careers. It is long enough to amortize construction and equipment several times over. Also, it is comparable to or longer than concessions in many countries.

After 50 years, the investor has already recovered capital, earned profit, often renegotiated, exited, or sold the business.

Benin is not anti-foreign; it follows a model used worldwide to protect national land sovereignty. (examples of countries where foreigners cannot own land include: Vietnam, Thailand, China, or Ethiopia [which we also cover] Yet billions of dollars of FDI still flow into these countries every year.

Finally, after 50 years, you can probably qualify for citizenship anyway...馃槃

sc1970

@Panafrica.fr

My wife is the one that is so interested for us to relocate to Republic Benin.

We want to start a bakery and a mini mart business.


Can you kindly share your whatsup number if you dont mind.


Many thanks


Carew

Cheryl

Hello everyone,


Please note that contact details should not be posted on the forum for security reasons.

Kindly use the private messaging system to share such information.


Cheers,


Cheryl

大咖福利影院 team

sc1970

why is the private messaging system

Panafrica.fr

@sc1970

Please send me an email at ***

Thanks

Moderated by Cheryl 4 days ago
Reason : Contact details
We invite you to read the forum code of conduct
SimCityAT

@Panafrica.fr

Please don't post personal details like email addresses on the open forum!

sc1970

Anyway thank you.

My wife and I are looking to relocate and to start a in Republic of Benin, all we wanted is a guide.

We may look else where such as Badagry in Lagos, Nigeria.

sc1970

How do we contact persons

Bhavna

@sc1970

Hello,


Click on any member's photo, then on "send a message"


Regards

Bhavna

Panafrica.fr

@sc1970

If you need to contact me, visit our website.

***

SimCityAT

@Panafrica.fr

It didn't work, whatever you posted, but I gather you were trying to advertise and promote yourself which isn't permitted on the open forum.